OneAscent Financial Services LLC Invests $106,000 in NatWest Group plc (NYSE:NWG)

OneAscent Financial Services LLC bought a new stake in shares of NatWest Group plc (NYSE:NWG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,285 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NWG. Bruce G. Allen Investments LLC lifted its position in NatWest Group by 285.3% during the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after purchasing an additional 2,083 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of NatWest Group by 45.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after acquiring an additional 1,980 shares during the last quarter. GAMMA Investing LLC grew its position in NatWest Group by 65.7% in the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in NatWest Group during the first quarter worth approximately $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on NWG. Kepler Capital Markets began coverage on NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group initiated coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NatWest Group has a consensus rating of “Buy”.

NatWest Group Price Performance

NWG opened at $10.05 on Wednesday. The business has a fifty day moving average of $9.47 and a 200 day moving average of $8.86. The stock has a market cap of $41.71 billion, a P/E ratio of 7.61 and a beta of 1.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group plc has a 52-week low of $5.10 and a 52-week high of $10.31.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.